Marc Faber :"We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside. The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market. Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have seen a major low and that we will be in a kind of a trading range around this level we are at here. "
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